Amgen Offering Possible 7.99% Return Over the Next 33 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 7.99% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $9.26 would be incurred if the stock dropped below the $100.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amgen is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amgen is bullish.

The RSI indicator is at 44.17 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen Presents Interim Overall Survival Data From Phase 3 Study Of Talimogene Laherparepvec In Patients With Metastatic Melanoma
Mon, 18 Nov 2013 22:52:25 GMT
noodls – THOUSAND OAKS, Calif., Nov. 18, 2013 /PRNewswire/ — Amgen (NASDAQ:AMGN) today announced interim overall survival (OS) results from a pivotal Phase 3 trial evaluating talimogene laherparepvec in patients …

Amgen says melanoma drug improved survival
Mon, 18 Nov 2013 22:03:22 GMT

Amgen says melanoma drug improved survival
Mon, 18 Nov 2013 22:03:22 GMT
AP – Amgen said Monday that patients treated with its experimental melanoma drug lived about four months longer than patients who were given an older treatment. The results come from a late-stage trial of talimogene …

Celgene's Revlimid Faces a Tough Sell
Mon, 18 Nov 2013 21:14:06 GMT
Motley Fool – In cost-conscious countries, even existing therapies face an uphill battle in winning approval for new indications. With new data behind it, Celgene hopes it can overcome cost concerns to win approval …

Amgen presents survival data from Phase 3 study of talimogene laherparepvec
Mon, 18 Nov 2013 21:07:59 GMT
theflyonthewall.com – Amgen announced interim overall survival, OS, results from a pivotal Phase 3 trial evaluating talimogene laherparepvec in patients with unresected stage IIIB, IIIC or IV melanoma compared to granulocyte-macrophage …

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